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Maintenance is an important and necessary part of maintaining a rental property. At home in your personal dwelling, you'll be well aware of a broken pipe or leaky window, but these things can easily go unnoticed in a rental property or multi-family housing unit. In addition, property owners must keep detailed records showing timely repairs and maintenance, unlike the work you perform at your own home.

Price is the most crucial aspect of any successful rental real estate. Too much, and you struggle to obtain tenants. Too little and you risk losing money on your investment. The struggle for every property owner is to ascertain the “sweet spot” price range for your unit. Unfortunately, how do you begin assessing the value of your real estate? How do you calculate the right price for a single-family home? What about a vacation rental? A full-service property management company could be the solution to your problem.

San Diego is praised as “America’s Finest City, ” but that name belies the complex culture, society, and people who call San Diego home. San Diego is often known as a “city of villages.” San Diego is denoted by its rolling hills, mountains, and rivers that separate its various neighborhoods into “villages.” The character of one is drastically different from that of its neighbors, even those that are directly next door. One of those neighborhoods isEl Cajon.

Golden Hill is a small section of San Diego that consists of 28 square blocks south of Balboa Park and slightly east of downtown and San Diego's coastal beaches. This densely populated area has sometimes been associated with the more affluent South Park community nearby, but possess a distinct character all its own.

You vetted the applicant, confirmed their income and prepared a lease. Now you are well on your way securing a reliable source of additional rental income. But, before you can begin building your equity and wealth, you need to seal the deal. Before executing the lease, you need to orchestrate a walk-through and inspection of the property.

A rental property owner in the San Diego rental market has great opportunities, with the high demand for all types of properties. Whether you own a single-family home, a multi-family property or a San Diego vacation rental, you want to make sure that property works for you.

This means renting to future tenants who will pay promptly and help maintain your property values. Screening potential clients for your properties, though, can be tricky: you have to follow both federal and California fair housing laws. The laws are complicated, but ignorance of the law does not excuse you, should you run afoul of the regulations.

Attracting tenants to your San Diego rental property is important since, without renters, you won't have any income. The first step, of course, is to create an inviting rental. Make sure your residential property is clean and well-maintained, and when you're ready -- promote it.

Interviewing potential residents for your rental property is fraught with risk. You need to accomplish multiple goals without exposing yourself to potentially bankruptcy-inducing liability. San Diego property management companies are experienced at interviewing applicants without exposing you or themselves to liability for discrimination or any other reason. California is particularly challenging because it imposes additional protections on top of the federal Civil Rights laws.

So, you decided tobreak into the San Diego real estate marketand become a rental property owner. Congratulations! You have taken your first step into an entirely new world of wealth building and management. However, by purchasing a rental property you plan on leasing does not automatically mean that you are ready to find some potential residents and start leasing. You need to carefully consider your neighborhood, who you want to rent to, and the terms that you should include in your leasing contract.